Analyzing Contract Costs Exam
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contains 55 Questions
1) Which of the following types of costs might be found both as direct costs and indirect costs, depending on the circumstance? [Recognize concerns that affect the other direct costs proposed]
2) Which of these statements below is correct regarding the criteria for classifying a special test equipment cost as an "other direct cost”? [Determine if the other direct costs are properly proposed]
3) Which of the following is an indirect cost pool? [Identify indirect cost pools and bases]
4) What two costs elements are required to calculate an indirect cost rate? [Identify the process of calculating indirect cost rates]
5) Which of the following is a phase in the allocation cycle? [Identify the cost allocation cycle]
6) How is simple linear regression used? [Identify what regression analysis is] [Remediation Accessed
7) Which regression method assumes a linear relationship between the dependent and independent variables? [Identify the different regression analysis methods]
8) Identify the situation where you would use simple linear regression. [Identify contract pricing situations where simple regression analysis should be considered]
9) After completing the five-step Least-Best-Squares-Fit (LBSF) process in developing a regression equation, you must evaluate which two aspects of the equation? [Identify the steps for using simple
regression analysis] [Remediation Accessed :N]
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10) Which situation below would you use improvement curve analysis to evaluate proposed costs?
[Identify situations where improvement curve analysis would be appropriate]
11) What is the first step in conducting improvement curve analysis? [Identify the steps for using improvement curve analysis]
12) Given the improvement curve data, calculate the cost objective for unit #8.
13) How is the Treasury Rate applied in calculating Facilities Capital Cost of Money (FCCOM)?
[Recognize elements affecting facilities capital cost of money] [Remediation Accessed :N]
14) Which of the following statements is true concerning profit/fee calculations? [Identify the factors affecting profit/fee analysis]
15) When is the working capital adjustment used while calculating profit/fee? [Calculate a profit/fee using the appropriate structured approach]
16) What is the “base” that used in the calculation of the performance risk, contract type risk, and cost efficiency factor when using the weighted guidelines to determine a profit/fee objective? [– Develop a pre- negotiation position for profit or fee that is fair and reasonable.] [Show Less]